Blockchain Founder Tron Justin Sun said that TRX will hit $20 this year. This was his response to an optimistic forecast from an Intuit Trading analyst who informed market participants about the asset’s potential during this bull market.
According to crypto analyst Intuit Trading, “seven years of price compression during the bear supercycle” could end with a meteoric rise for TRX.
Indeed, over the past seven years, the asset has been trading below its historical maximum of $0,30004. However, the gap is gradually narrowing, and now it is only 31%. At the current price of $0,2048, TRX will have to grow 97 times or 9665% to reach the projected value of $20. However, the expert believes that such rapid growth is only the beginning.
The expert predicts that with the dollar continuing to fall and inflation rising, the asset will continue to rise in the next few decades. According to Intuit Trading, the main question is not whether TRX will reach $200 or $2000, but when, and that moment may come sooner than many expect.